November 28, 2017 / 6:34 PM / 19 days ago

NY fines two Lloyd's underwriters, others for unlicensed insurance program

(Reuters) - Two Lloyd’s of London Ltd underwriters and a credit union for United Nations employees are among the entities that have agreed to pay a total of $1.47 million for their roles in an unlicensed life insurance program, New York’s insurance regulator said on Tuesday.

The New York State Department of Financial Services reached a settlement with Lloyd’s underwriters Tokio Marine Kiln Syndicates and Beazley Furlonge Ltd brokerage Clements & Co and the United Nations Federal Credit Union, the regulator said. More than 4,300 policies were sold, the regulator said.

Reporting by Suzanne BarlynEditing by Jonathan Oatis

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below